Traders on Friday continued to pull back from bets on aggressive Federal Reserve interest-rate cuts this year, as the closely-followed University of Michigan surveys of consumer sentiment showed confidence and inflation expectations deteriorating further in late March and early April.

Prices of interest-rate futures continue to reflect expectations that the U.S. central bank will start reducing its policy rate in June, though with less certainty than earlier, with the market-indicated probability around 75%, versus more than 80% earlier in the day. Traders see the Fed delivering three rate cuts in total over the course of the year, pulling back from bets on a fourth rate cut.

Please like, comment, and share this article if you found it helpful and
informative.

For more news check out Big Town Bulletin News

For more from Big Town Bulletin check out Big Town Bulletin